Hyduke Energy Services Inc. (TSX:HYD) entered into a share purchase agreement to acquire Western Manufacturing Ltd for CAD 5.5 million on March 1, 2017. Under the terms of the agreement, total consideration for the shares of Western and the assets of Ledarco will total approximately CAD 5.5 million to be satisfied by a combination of cash, debt assumption, the initial issuance by Hyduke of 0.74 million common shares and an additional amount of common shares, not to exceed 1.05 million common shares, to be settled within 180 days after closing based on post-closing financial adjustments. The deemed price of the issued shares will be CAD 0.48 per share.Lonny Thiessen, founder and Cheif Executive Officer of Western Manufacturing Ltd, will remain with Western Manufacturing Ltd as President of the subsidiary. The deal is subject to approval by TSX for the listing of additional common shares and certain conditions precedent. The transaction is expected to close as soon as possible with an outside date of April 30, 2017.